DALLAS, July 24, 2015 /PRNewswire/ -- United States
and allied military forces are set to upgrade key missile defense
capabilities under a new $1.5 billion
contract for production and delivery of Patriot Advanced
Capability-3 (PAC-3) missiles and PAC-3 Missile Segment Enhancement
(PAC-3 MSE) missiles.
The contract includes PAC-3 and PAC-3 MSE interceptor deliveries
for the U.S. Army, and Foreign Military Sales of PAC-3
interceptors, associated equipment and spares for the Republic of
Korea, the Kingdom of Saudi
Arabia, Qatar, Taiwan and the United Arab Emirates.
"The PAC-3 and the PAC-3 MSE interceptors are the most advanced,
capable and reliable terminal air defense missiles in the world,"
said Scott Arnold, Lockheed Martin's
[NYSE: LMT] vice president of PAC-3 programs. "As threats grow
in complexity, these interceptors will continue to be in high
demand to protect soldiers and citizens around the globe."
The PAC-3 Missile is a high velocity interceptor that defends
against incoming threats including tactical ballistic missiles,
cruise missiles and aircraft using hit-to-kill technology. PAC-3
currently provides missile defense capabilities for six nations –
the U.S., the Netherlands,
Germany, Japan, United Arab
Emirates and Taiwan; and
Lockheed Martin is on contract with four additional nations –
Kuwait, Qatar, South
Korea and Saudi Arabia.
Building on the combat proven PAC-3, the PAC-3 MSE missile uses
a two-pulse solid rocket motor that increases altitude and range to
meet evolving threats.
For additional information, visit our PAC-3 and PAC-3 MSE
webpages.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
112,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services.
The Corporation's net sales for 2014 were $45.6 billion.
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SOURCE Lockheed Martin